Wednesday, November 4, 2009 State earmarks $1.4m for workplace education
The administration of Governor Deval L. Patrick said today that $1.4 million is being allocated to a program that provides "workplace educational services for low-literacy and low English proficiency adults." The announcement was made at the University of Massachusetts Medical... Local wage increases outpace national average
By Robert Gavin, Globe Staff Wage, salary, and benefit costs rose faster in Greater Boston over the past year than any other large metropolitan area, growing at nearly three times the national average, the US Bureau of Labor Statistics reported... Pay czar will chair JFK Library Foundation
Kenneth R. Feinberg, the Brockton native currently known as President Obama's "pay czar," has been unanimously elected to be the new chairman of the John F. Kennedy Library Foundation by the foundation's board. Feinberg, 64, is founder and managing partner... Textron unit names chief financial officer
Associated Press Textron Systems Corp., a Wilmington-based unit of Textron Inc., said that it named Robert Sullivan chief financial officer, effective Jan. 4. Sullivan will succeed John Condon, who is retiring as senior vice president of finance at Textron Systems,... Seafood companies offered loans after water crisis
Associated Press The state's finance and development authority says it will offer $100,000 in loans to Gloucester seafood companies hurt by the summer's "boil water" order. Gloucester was under the order for 18 days in August and September after elevated... Boston Millennia benefits from sale of biotech firm
Boston Millennia Partners, a private equity firm, said that one of its portfolio companies, Athenix Corp., has been acquired by Bayer CropScience for $400 million. According to Boston Millennia Partners, the sale generated a tenfold return on the firm's investment... NSTAR proposes electricity rate cut
NSTAR said it is proposing a price cut for its nearly 800,000 residential electric customers, thanks to a decrease in prices for oil and natural gas, two fuels used to generate electricity. According to an NSTAR press release, the company... GenArts buys assets of small Missouri firm
GenArts Inc., a Cambridge company that provides specialized visual effects software for the film, television, and video industries, said that it has bought the assets of wondertouch LLC, including the wondertouch product line called particleIllusion. Financial terms of the deal... Waste Management leases space in Foxborough
Waste Management of North America has signed a new lease for 42,000 square feet of space at 1 Patriot Place in Foxborough, said a broker involved in the transaction. The broker is CB Richard Ellis/New England, which negotiated the long-term... Shire Gaucher drug gets FDA priority review
Associated Press Shire PLC said that the Food and Drug Administration granted the company's developing treatment for Gaucher disease a priority review. Gaucher disease is a rare enzyme disorder that can cause liver and neurological problems. The FDA designation speeds... MIT Media Lab unveils study on amputee runners
A new study provides additional evidence that amputees using specially designed prostheses "have no overall biomechanical advantages when running at top speeds compared to able-bodied sprinters," the MIT Media Lab said. The study was conducted by a team that included... Comcast 3Q net income up 22%, but growth slows
Associated Press Comcast Corp., which has a major presence in Eastern Massachusetts, reported a 22 percent increase in third-quarter earnings today after stepping up promotions on its bundled video, phone and Internet plans. The nation's largest cable TV operator also... RI methane gas burning plants gets $15m boost
Associated Press JOHNSTON, R.I. - The company building a methane burning power plant at the Rhode Island's Central Landfill has received $15 million in federal stimulus funds from the US Department of Energy. The grant to Rhode Island LFG Genco... Who, What, Where
Julia Huston (right) will join the Foley Hoag LLP law firm as a partner in the firm?s intellectual property department. Huston will chair Foley Hoag?s trademark and copyright practice group while expanding the firm?s focus on providing sophisticated intellectual... Alnylam, Roche advance RNAi collaboration
Alnylam Pharmaceuticals Inc. said it has advanced to the RNAi therapeutic collaboration stage of its 2007 with Roche, the international drug giant. Just over two years ago, Cambridge-based Alnylam signed a $331 million deal that allowed Roche to use Alnylam's... UGL Unicco unveils flu preparedness plan
UGL Unicco, a Newton company that provides such outsourced facilities services as janitorial and office cleaning services, has unveiled a "Flu Preparedness and Business Continuity Plan." In a press release, UGL Unicco described the plan as "a comprehensive set of... Score one for Mass Tech Leadership Council
By Scott Kirsner, Globe Correspondent It feels like the end of the telecom era in Massachusetts this morning, as the Massachusetts Technology Leadership Council takes over the Massachusetts Network Communications Council, which over the past few years had been idling.... Today in Globe Business
UK parent will not be selling Citizens Bank Citizens Financial Group will remain part of the Royal Bank of Scotland Group, the troubled UK bank said yesterday, after concluding intense negotiations with financial regulators that resulted in a fresh capital... Tuesday, November 3, 2009 RBS won't have to sell Citizens
By Beth Healy, Globe Staff Citizens Financial Group will remain part of the Royal Bank of Scotland Group, the troubled UK bank announced today, after intense negotiations with financial regulators that resulted in a fresh capital injection and the forced... Cisco and EMC team up
Cisco Systems Inc. and EMC Corp., the Hopkinton-based data storage giant, said they have formed a coalition dedicated to accelerating the ability of their corporate customers to "increase business agility through greater IT infrastructure flexibility, and lower IT, energy, and... | 
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